Southwestern Energy (SWN) Announces 55M Share Public Offering of Common Stock

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Southwestern Energy Announces Public Offering of Common Stock

August 12, 2020 7:01 AM EDT

SPRING, Texas--(BUSINESS WIRE)-- Southwestern Energy Company (Southwestern Energy) (NYSE: SWN) today announced the commencement of an underwritten public offering of 55,000,000 shares of its common stock (the offering), subject to market and other conditions. Southwestern Energy intends to grant the respective underwriters a 30-day option to purchase up to 8,250,000 additional shares of its common stock. Southwestern Energy intends to use the net proceeds from the offering to partially redeem Montage Resource Corporations (Montage) issued and outstanding senior notes that it will assume upon the closing of its recently announced merger with Montage (the Merger). If... More